Insurance Investigations

Insurance Investigations

Insurance fraud is any act committed to fraudulently obtain payment from an insurer or insurance company. Insurance fraud, scams, and schemes have become the most prevalent and costly white-collar crimes. This type of fraud is recognized internationally as a multi-billion dollar problem.

Fraudulent insurance claims account for a significant portion of all claims received by insurers and cost billions of dollars annually. The different types of fraud, scams, and schemes are diverse and occur in all areas. The crimes also range in severity, from slightly exaggerating claims to deliberately causing accidents or damage.

Fraudulent activities also affect the lives of innocent people, both directly through accidental or purposeful injury or damage and indirectly, as these crimes may cause premiums to increase. Fraudulent claims pose a significant problem, and governments and other organizations are trying to deter such activities.